Strong buy .... looking for $15.00 by mid June IMHO.
Ford posted strong February sales numbers with 9% year over year increase, outpacing the overall U.S. auto industry growth of 4%. This is the highest growth rate amongst all the major players in the U.S. auto industry.
March appears to be just as strong and stronger in China.
I believe China's overall car sales increased by 19% so 46% is a great showing. Ford has a lot of catching up to do to reach other manufacturers but it looks like the Chinese consumer is ready to switch to Ford products. The luxury car market is a large one in China as well and this might be a nice boost for Lincoln as Mulally and team re-make the Lincoln brand.
Barry here is what I did , yesterday in my IRA Ford positions I sold 120 calls March 13.50 3/16 against my stock for basically .4 cents after commission 377.00 as I said I thought mkt was long due for a down day taking F with it. Or even with a big up day F would not gain much. So far not much action Friday . So looks like I will retain my F book 377 and 1200 in div so far on this position .. I left my regular accounts alone. Held 900 shares in IRA just in case today saw a big move up. SO I HOPE you are right and we move up ! I need a asteady upward trend . I would like to hold until at least 20 but that does seem like a pipe dream. I guess the next big thing will be June 6 month profits ?
Very tempted to book the profits. Simply put Ford failed to make the big run when the DOW was soaring . A pull back is in order. Ford will fall with the DOW. It rose with the DOW but not to what it should have and like always it will fall harder. Tuff choice this week. You just feel a fall coming.
Too many idiots sitting at home instead of working posting their total childish nonsense.You're so correct but what are we to do? F strong and long. Ditto with TM. Own both. As for GM? A total failed car maker.